Wednesday, March 7, 2018

Dollar Tree falls short in Q4

Chain Store Age

Dollar Tree on Wednesday reported increases in its sales and profit for the fourth quarter, but its results missed Street expectations.

The discounter’s net income more than tripled to $1.04 billion for the quarter ended Feb. 3 from $321.8 million in the year-ago period, boosted by a $562 million non-cash benefit related to the recent tax overhaul.

Net sales rose 12.9% to $6.36 billion, just missing Street estimates of $6.40 billion. Same-store sales rose 2.4%. Adjusted same-store sales rose 2.5%, lower than analysts had expected.. . . more